AML Analyst Average Salary in Burkina Faso 2023
How much money does a person working as AML Analyst make in Burkina Faso?
LOW
248,000
XOF AVERAGE
539,000
XOF HIGH
856,000
XOF
A person working as AML Analyst in Burkina Faso typically earns around 539,000 XOF per month. Salaries range from 248,000 XOF (lowest) to 856,000 XOF (highest).
This is the average monthly salary including housing, transport, and other benefits. AML Analyst salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
AML Analyst Pay Scale and Salaries in Burkina Faso
Salary Structure and Pay Scale Comparison
511,000 XOF or more
448,000 to 511,000 XOF
308,000 XOF or less
308,000 to 448,000 XOF
 248,000 XOF |
515,000 XOF |
856,000 XOF |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
AML Analyst salaries in Burkina Faso range from 248,000 XOF per month (starting salary) to 856,000 XOF per month (maximum salary). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.
Median Salary
The median salary is 515,000 XOF per month, which means that half (50%) of people working as AML Analyst(s) are earning less than 515,000 XOF while the other half are earning more than 515,000 XOF. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Percentiles and Salary Scale
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of AML Analyst(s) are earning less than 415,000 XOF while 75% of them are earning more than 415,000 XOF. Also from the diagram, 75% of AML Analyst(s) are earning less than 593,000 XOF while 25% are earning more than 593,000 XOF.
Pay Scale Structure
We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 308,000 XOF to 448,000 XOF. Approximatly 20% fall under the 308,000 XOF cap. Ten percent of wages are from 448,000 XOF to 511,000 XOF. Only 5% of people grossed 511,000 XOF or more.
AML Analyst Salary Comparison by Years of Experience
How does experience and age affect your pay?
AML Analyst average salary change by experience in Burkina Faso
| 0 - 2 Years | 281,000 XOF | |
| 2 - 5 Years | +34% | 376,000 XOF |
| 5 - 10 Years | +48% | 555,000 XOF |
| 10 - 15 Years | +22% | 677,000 XOF |
| 15 - 20 Years | +9% | 738,000 XOF |
| 20+ Years | +8% | 799,000 XOF |
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down AML Analyst salaries by experience level and this is what we found.
Employees with less than two years of experience makes approximately 281,000 XOF per month.
While someone with an experience level between two and five years is expected to earn 376,000 XOF per month, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 555,000 XOF per month, 48% more than someone with two to five years of experience.
Additionally, AML Analyst whose expertise span anywhere between ten and fifteen years get a salary equivalent to 677,000 XOF per month, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 738,000 XOF per month, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 799,000 XOF per month, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
AML Analyst Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different AML Analyst(s) who have the same experience but different education levels.
AML Analyst average salary difference by education level in Burkina Faso
| Certificate or Diploma | 321,000 XOF | |
| Bachelor's Degree | +57% | 503,000 XOF |
| Master's Degree | +68% | 844,000 XOF |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down AML Analyst salaries by education level in order to make a comparison.
When the education level is Certificate or Diploma, the average salary is 321,000 XOF per month.
While someone with a Bachelor's Degree gets a salary of 503,000 XOF per month, 57% more than someone having a Certificate or Diploma degree.
People with Master's Degree have an average salary of 844,000 XOF per month, 68% more than someone with a Bachelor's Degree.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Burkina Faso costs anywhere from 1,660,000 CFA Franc BCEAO(s) to 4,970,000 CFA Franc BCEAO(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender - AML Analyst
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male AML Analyst employees in Burkina Faso earn 21% more than their female counterparts on average.
| Male | 589,000 XOF | |
| Female | -17% | 488,000 XOF |
Salary Comparison By Gender in Burkina Faso for all Careers
AML Analyst Average Annual Salary Increment Percentage in Burkina Faso
How much are annual salary increments in Burkina Faso for AML Analyst(s)? How often do employees get salary raises?
AML Analyst
AML Analyst(s) in Burkina Faso are likely to observe a salary increase of approximately 9% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
Burkina Faso / All Professions
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
Annual Increment Rate By Industry 2022
| Banking | 7% | |
| Energy | 5% | |
| Information Technology | 3% | |
| Healthcare | 1% | |
| Travel | 8% | |
| Construction | 6% | |
| Education | 4% |
Listed above are the average annual increase rates for each industry in Burkina Faso for the year 2022. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
AML Analyst Bonus and Incentive Rates in Burkina Faso
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/burkina-faso/banking/aml-analyst/annual-salary-bonus-rate-burkina-faso-aml-analyst.jpg
"AML Analyst" is considered to be a high bonus-based job. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
32% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 68% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
| Received Bonus | 68% | |
| No Bonus | 32% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
AML Analyst Salary Trend and Forecast in Burkina Faso
How are AML Analyst salaries changing over time? Listed below is a chart that shows the average salary in recent years.
| Average Salary 2019 | 466,000 XOF | |
| Average Salary 2020 | +4% | 483,000 XOF |
| Average Salary 2021 | +4% | 501,000 XOF |
| Average Salary 2022 | +4% | 519,000 XOF |
AML Analyst salaries in Burkina Faso are on the rise in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 4% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.
AML Analyst Average Hourly Wage in Burkina Faso
3,110 XOF per hourThe average hourly wage (pay per hour) in Burkina Faso is 3,110 XOF. This means that the average AML Analyst in Burkina Faso earns approximately 3,110 XOF for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for 'AML Analyst' in Burkina Faso is 1,430 XOF. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
AML Analyst VS Other Jobs
The average salary for AML Analyst is 50% more than that of Banking. Also, Banking salaries are 9% more than those of All Jobs.
Salary comparison with similar jobs
| Job Title | Average Salary |
| AML Analyst | 539,000 XOF |  +0% |
| Assistant Bank Branch Manager | 433,000 XOF |  -20% |
| Assistant Bank Manager | 568,000 XOF | +5% |
| ATM Manager | 497,000 XOF | -8% |
| ATM Service Technician | 141,000 XOF | -74% |
| Bank Accounts Analyst | 196,000 XOF | -64% |
| Bank Accounts Controller | 244,000 XOF | -55% |
| Bank Accounts Executive | 375,000 XOF | -30% |
| Bank Accounts Manager | 450,000 XOF | -16% |
| Bank Auditing Manager | 427,000 XOF | -21% |
| Bank Branch Manager | 630,000 XOF | +17% |
| Bank Clerk | 114,000 XOF | -79% |
| Bank Compliance Specialist | 322,000 XOF | -40% |
| Bank Manager | 698,000 XOF | +30% |
| Bank Operational Risk Manager | 713,000 XOF | +32% |
| Bank Operations Head | 736,000 XOF | +37% |
| Bank Operations Officer | 281,000 XOF | -48% |
| Bank Operations Specialist | 451,000 XOF | -16% |
| Bank Process Manager | 404,000 XOF | -25% |
| Bank Product Manager | 438,000 XOF | -19% |
| Bank Programme Manager | 472,000 XOF | -12% |
| Bank Project Manager | 566,000 XOF | +5% |
| Bank Propositions Manager | 527,000 XOF | -2% |
| Bank Quantitative Analyst | 368,000 XOF | -32% |
| Bank Regional Manager | 706,000 XOF | +31% |
| Bank Regional Risk Officer | 354,000 XOF | -34% |
| Bank Relationship Manager | 536,000 XOF | -0% |
| Bank Relationship Officer | 247,000 XOF | -54% |
| Banker | 240,000 XOF | -55% |
| Banking Business Analyst | 373,000 XOF | -31% |
| Banking Business Development Officer | 227,000 XOF | -58% |
| Banking Business Planning Executive | 521,000 XOF | -3% |
| Banking Product Manager | 467,000 XOF | -13% |
| Banking Reference Data Manager | 406,000 XOF | -25% |
| Banking Risk Analyst | 359,000 XOF | -33% |
| Banking Technical Analyst | 191,000 XOF | -65% |
| Bankruptcy Coordinator | 251,000 XOF | -53% |
| Budget Analyst | 369,000 XOF | -31% |
| Cards Marketing Manager | 462,000 XOF | -14% |
| Cash Management Manager | 655,000 XOF | +22% |
| Check Processing Manager | 453,000 XOF | -16% |
| Commercial Vault Associate | 346,000 XOF | -36% |
| Corporate Dealer | 378,000 XOF | -30% |
| Credit Analyst | 272,000 XOF | -49% |
| Credit and Collections Manager | 490,000 XOF | -9% |
| Credit Card Fraud Investigator | 388,000 XOF | -28% |
| Credit Portfolio Manager | 704,000 XOF | +31% |
| Credit Risk Analyst | 403,000 XOF | -25% |
| Credit Risk Associate | 374,000 XOF | -31% |
| Direct Bank Sales Representative | 249,000 XOF | -54% |
| Financial Bank Planning Consultant | 449,000 XOF | -17% |
| Financial Banking Analysis Manager | 554,000 XOF | +3% |
| Financial Banking Assistant | 168,000 XOF | -69% |
| Financial Banking Systems Manager | 497,000 XOF | -8% |
| Foreign Exchange Manager | 550,000 XOF | +2% |
| Fraud Analyst | 375,000 XOF | -30% |
| Fraud Detection Associate | 255,000 XOF | -53% |
| Fraud Detection Manager | 570,000 XOF | +6% |
| Fraud Detection Supervisor | 319,000 XOF | -41% |
| Internal Bank Audit Manager | 643,000 XOF | +19% |
| Internal Bank Auditor | 354,000 XOF | -34% |
| International Banking Manager | 774,000 XOF | +44% |
| Loan Analyst | 371,000 XOF | -31% |
| Loan Area Manager | 440,000 XOF | -18% |
| Loan Audit Team Leader | 412,000 XOF | -24% |
| Loan Branch Manager | 422,000 XOF | -22% |
| Loan Business Development Officer | 213,000 XOF | -60% |
| Loan Clerk | 129,000 XOF | -76% |
| Loan Collection Manager | 451,000 XOF | -16% |
| Loan Collector | 119,000 XOF | -78% |
| Loan Examiner | 164,000 XOF | -70% |
| Loan Processing Manager | 380,000 XOF | -29% |
| Loan Processor | 164,000 XOF | -70% |
| Loan Quality Assurance Auditor | 382,000 XOF | -29% |
| Loan Quality Assurance Manager | 398,000 XOF | -26% |
| Loan Quality Assurance Representative | 274,000 XOF | -49% |
| Loan Review Manager | 428,000 XOF | -21% |
| Loan Team Leader | 358,000 XOF | -34% |
| Mortgage Advisor | 255,000 XOF | -53% |
| Mortgage Collection Manager | 445,000 XOF | -17% |
| Mortgage Collector | 116,000 XOF | -78% |
| Mortgage Credit Analyst | 195,000 XOF | -64% |
| Mortgage Credit Manager | 425,000 XOF | -21% |
| Mortgage Development Manager | 456,000 XOF | -15% |
| Mortgage Document Reviewer | 161,000 XOF | -70% |
| Mortgage Funding Manager | 493,000 XOF | -8% |
| Mortgage Operations Manager | 640,000 XOF | +19% |
| Mortgage Payment Processing Clerk | 146,000 XOF | -73% |
| Mortgage Processing Manager | 408,000 XOF | -24% |
| Mortgage Processor | 166,000 XOF | -69% |
| Mortgage Quality Assurance Auditor | 354,000 XOF | -34% |
| Mortgage Quality Assurance Manager | 419,000 XOF | -22% |
| Mortgage Servicing Clerk | 133,000 XOF | -75% |
| Mortgage Servicing Manager | 394,000 XOF | -27% |
| Mortgage Underwriter | 162,000 XOF | -70% |
| Online Banking Manager | 616,000 XOF | +14% |
| Payment Processing Clerk | 130,000 XOF | -76% |
| Personal Banker | 276,000 XOF | -49% |
| Personal Banking Advisor | 259,000 XOF | -52% |
| Phone Banker | 170,000 XOF | -68% |
| Private Banker | 274,000 XOF | -49% |
| Reconciliation and Investigation Specialist | 313,000 XOF | -42% |
| Teller | 129,000 XOF | -76% |
| Trade Officer | 156,000 XOF | -71% |
| Trade Product Manager | 420,000 XOF | -22% |
| Trader | 182,000 XOF | -66% |
| Treasury Operations Officer | 320,000 XOF | -41% |
Salary Comparison By City
| City | Average Salary |
| Ouagadougou | 561,000 XOF |
Government vs Private Sector Salary Comparison
Where can you get paid more, working for a private company or for the government? Public sector employees in Burkina Faso earn 10% more than their private sector counterparts on average across all sectors.
| Private Sector | 321,000 XOF | |
| Public Sector | +10% | 354,000 XOF |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for AML Analyst in Burkina Faso?
A good and competitive compensation would range anywhere between 515,000 XOF and 593,000 XOF. This is a very rough estimate and your experience and education will play a very huge part into your final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salart after tax for every career.
Base / Basic Salary
The base salary for AML Analyst in Burkina Faso is ranges from 415,000 XOF to 593,000 XOF. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range in a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
